On 26 May 2021, the Parliament of Armenia has approved a bill on extending the tax incentives for exporters to 31 December 2029. The provided incentive was scheduled to 31 December 2021 for resident companies that are exclusively engaged in exports of goods and services. Under the incentives for companies whose export turnover exceeding AMD 40 billion per year is allowed to pay a 5% reduced rate where 2% for companies with export turnover exceeding AMD 50 billion per year. The export companies engaged in the sale of mining and excisable products, or jewelry, precious metals, and precious stones are not applicable for reduced rates.
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